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Dirk Ward borrowed $11,000.00 for investment purposes on May 6 on a demand note providing for a variable rate of interest and payment of any accrued interest on December 31. He paid $1000 on June 20, $200 on September 18, and $1100 on November 8. How much is the accrued interest on December 31 if the rate of interest was 8% on May 6, 8.6% effective August 1, and 8.85% effective November 1? The accrued interest on December 31 is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Dirk Ward borrowed $11,000.00 for investment purposes on May 6 on a demand note providing for a variable rate of interest and payment of any accrued interest on December 31. He paid $1000 on June 20, $200 on September 18, and $1100 on November 8. How much is the accrued interest on December 31 if the rate of interest was 8% on May 6, 8.6% effective August 1, and 8.85% effective November 1? The accrued interest on December 31 is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)